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Whisper White Paper V2.0.0

The document is a whitepaper that introduces Whisper (WISP), an all-in-one DeFi platform built on zkSync. It provides an overview of the Whisper ecosystem and its tools, products, and services. These include DeFi tools to enhance security and transparency, as well as financial products like staking and liquidity mining to earn passive income. The platform aims to simplify the DeFi experience and address the growing needs of developers, founders, and investors.

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Aram
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0% found this document useful (0 votes)
48 views22 pages

Whisper White Paper V2.0.0

The document is a whitepaper that introduces Whisper (WISP), an all-in-one DeFi platform built on zkSync. It provides an overview of the Whisper ecosystem and its tools, products, and services. These include DeFi tools to enhance security and transparency, as well as financial products like staking and liquidity mining to earn passive income. The platform aims to simplify the DeFi experience and address the growing needs of developers, founders, and investors.

Uploaded by

Aram
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Whitepaper

April 2023
V2.0.0
Introduction

The world of decentralized finance (DeFi) has experienced enormous


growth and innovation in recent years. As the industry continues to evolve,
the need for accessible, and user-friendly platforms that provide tools and
services has become very relevant. Enter Whisper (WISP), an all-in-one
platform designed to empower developers, founders, and investors in their
journey through the continuously changing world of DeFi.

In this white paper, we present a detailed overview of the Whisper


ecosystem, its unique value proposition, and the various benefits it offers to
its users. We will explore the different categories that make up the platform,
including tools, DeFi products, effortless no-code solutions for launching
projects, and fun zero-sum PvP games. Additionally, we will dive into the
tokenomics of the $WISP token, the driving force behind the Whisper
ecosystem, and we discuss our plans for the future.

As the DeFi market continues to grow, new opportunities and challenges


arise. Our team has diverse backgrounds and expertise in blockchain
development, UI design, business development, and growth strategy.
Together we will tackle the challenges and grasp the opportunities.

In the following sections, we will provide a market overview, highlighting the


current state of the DeFi market and the potential for growth within this
industry on zkSync. We will also discuss the various use cases and industry
applications for Whisper, as well as provide a competitive analysis to
showcase the unique value proposition of our platform within the zkSync
ecosystem. Finally, we will lay out our short-term roadmap, discuss past
achievements, ongoing development efforts, and future objectives.

Whisper (WISP) is set to become a leading platform in the DeFi space on


zkSync, providing a user-friendly, comprehensive, and secure solution for
developers, founders, and investors. Join us as we explore the world with
Whisper.

Overview
Market Overview: The Rise of DeFi and Layer 2 Solutions
The decentralized finance (DeFi) space has experienced incredible growth
in the past few years, with billions of dollars locked in various protocols,
products, and services. This growth has been driven by the pursuit for
financial autonomy, and transparency: the core of DeFi's ethos. As a result,
innovative platforms have emerged that offer lending, borrowing, staking,
and other financial services that were once the sole domain of traditional
financial institutions such as banks and governments that work behind a
smoke screen.

Ethereum Network and Scalability Challenges


The majority of DeFi projects are built on the Ethereum network, which is
renowned for its smart contract functionality and vast developer
community. However, the rapid growth of DeFi has exposed the network's
limitations, particularly regarding scalability. High transaction fees and slow
confirmation times have become a significant concern for users and
developers, making it necessary to look for alternative solutions that ensure
the continued growth of DeFi.

Why zkSync? A Layer 2 solution


Layer 2 solutions have emerged as a promising answer to Ethereum's
scalability challenges. By performing transactions and computations off-
chain, Layer 2 solutions can increase the network's throughput while
maintaining security and decentralization. The most interesting Layer 2
solution is zkSync, which employs zero-knowledge proofs to enable fast and
secure transactions at a fraction of the gas fees on the Ethereum mainnet.
Overview
Growing Demand for simpler DeFi Platforms
As the DeFi landscape continues to evolve, there is an increasing demand
for easy-to-understand platforms that cater to a wide range of user needs.
Developers, founders, and investors are seeking user-friendly, secure, and
efficient tools that simplify their interactions in DeFi. This demand presents a
significant opportunity for platforms like Whisper that provide an all-in-one
solution for all projects, founders, developers, and investors on zkSync,
addressing the needs of the DeFi community.

The Need for Education and Security


As more people enter the DeFi space, the need for education and security
grows along. Investors should have a clear understanding of the risks and
benefits associated with DeFi and there should always be easily accessible
content to learn how to navigate the space safely. Additionally, platforms
must prioritize transparency and security, ensuring that users feel confident
in the security and safety of their investments. Platforms that address these
concerns and instill trust within the community will play a vital role in the
continued growth and adoption of DeFi for years to come.
Solutions
The solutions Whisper offers to projects on zkSync
Whisper (WISP) offers an extensive range of DeFi tools, products, and services
that cater to the needs of developers, founders, and investors. Our platform is
divided into four main categories: Tools, DeFi, Effortless No-Code Solutions for
Launching Your Own Project, and Games. In this section, we will explore each
category in detail, highlighting the unique value propositions and use cases that
make Whisper a comprehensive DeFi platform.

Tools
Whisper's collection of tools is designed to enhance security, promote
transparency, and simplify the DeFi experience for users. These tools include:
1. Token Locker: The Token Locker allows project creators to lock a portion of
their tokens for a predetermined period. By locking team tokens or other tokens
that don’t need to be in circulation, they demonstrate commitment to the project
and build trust within the community. Locked tokens cannot be accessed or sold
by anyone during the lock period, preventing malicious behavior. The Token
Locker offers customizable lock durations, and the locked tokens can be claimed
manually upon the lock's expiration.

2. Liquidity Locker: Liquidity is an essential factor in the success of any DeFi


project, as it enables users to trade tokens easily and at a fair price. The Liquidity
Locker tool ensures that project creators cannot suddenly withdraw their
provided liquidity from decentralized exchanges (DEX), which could destabilize
the token's price. By locking liquidity, project creators signal their long-term
commitment to the project and build trust among investors.

3. Lock Viewer: The Lock Viewer is a user-friendly interface that enables users to
verify a project's locked tokens and liquidity. By providing easy access to this
information, Whisper enhances transparency and enables users to make
informed investment decisions. The Lock Viewer displays the total amount of
locked tokens, liquidity, and the lock expiration dates.

4. MultiSender: Distributing tokens to multiple addresses can be a time-


consuming and costly process. The Whisper MultiSender tool simplifies this
process by allowing users to send tokens to multiple recipients with a single
transaction. This tool is particularly useful for conducting airdrops, distributing
rewards, or managing token allocations after presales, or for team members and
advisors.

Solutions
DeFi
Whisper's DeFi category consists of a range of financial products and
services that enable users to earn passive income and grow their
investments. These offerings include:

1. Staking: Staking is a popular method for users to earn passive income.


Whisper's staking platform allows users to stake their $WISP tokens and earn
a share of the platform's revenue. As the ecosystem expands and more
products and services are offered, stakers will benefit from increased
rewards, making staking an attractive long-term investment strategy.
2. LP Farming: Liquidity Providers (LPs) are essential for the smooth
functioning of decentralized exchanges, as they supply the required liquidity
for trading. Whisper's LP farming platform allows users to stake their LP
tokens and earn additional rewards, such as a share of the platform's fees,
or other incentives. This feature encourages users to become liquidity
providers, contributing to the overall liquidity and success of the ecosystem.
3. Pools: Pools are a unique addition to staking and LP farming. They allow
for partnerships, where $WISP holders can stake their tokens to earn passive
income in our partner’s token, or they can stake a combination of $WISP
and our partner’s token, for rewards or more of our partner’s token.
Pools could also include new LP pairs for $WISP, such as stable coins, a
future zkSync native token pair, and others.
Solutions
Effortless, No-Code Solutions for Launching Your Own Project
Whisper's no-code solutions empower users with minimal or no coding
experience to launch their own DeFi projects by providing a set of easy-to-
use tools. These tools include:

1. Contract Deployer: The Contract Deployer allows users to deploy smart


contracts on zkSync without any coding knowledge. Users can customize
the contract parameters, such as token name, symbol, supply, tax, max buy,
max wallet, and other functions through a user-friendly interface. This tool
significantly reduces the barriers to entry for launching projects on zkSync
and enables more people to participate in the decentralized finance
revolution. Each contract launched through the Whisper Contract Deployer
automatically locks their liquidity in our liquidity locker.

2. Launchpad: Whisper's Launchpad is a platform for new projects to


conduct their presales and distribute tokens to pre-launch investors. The
Launchpad simplifies the process of launching a new project by providing a
streamlined, easy-to-use platform for conducting these presales. Project
creators can customize their token sale parameters, such as start and end
dates, token price, and individual allocation limits. The Launchpad also
includes built-in security features such as a badge for audited projects,
automated liquidity locking, automated token locking for projects that have
vesting on part of the presale allocation.
Solutions
Games
Adding a fun element to the DeFi ecosystem, Whisper offers a range of
engaging games that allow users to put their knowledge and skills to the
test while potentially earning rewards. These games include:

Zero Sum Games: Whisper's zero sum games offer users the opportunity to
compete against each other in various scenarios. These games not only
provide an enjoyable way to engage with the DeFi ecosystem but also
create a sense of community among users.

The first game: Predictions: The predictions game enables users to bet on
the outcome of the price of a specific token in a set time period. Players bet
on “Up”, or on “Down” which represents the price action of that token in the
set time period (for example: 5 minutes). If a player bets on Up and they
guessed correct, they win their share of the Down pool, based on their share
of the Up pool.
If player X bets Up for 1 ETH and there is 10 ETH in the Up pool, their bet
represents 10% of said pool. They then win 10% of the Down pool, no matter
the size of that pool.

Whisper's four main categories of offerings cater to the diverse needs of the
crypto community, providing a comprehensive suite of tools, products, and
services. The platform's focus on security, transparency, and ease of use
ensures a seamless and enjoyable experience for developers, founders,
investors.
Tokenomics
The Whisper ($WISP) token is designed to fuel and incentivize the growth of
our DeFi ecosystem, ensuring that our platform remains accessible, secure,
and user-friendly. In this section, we will discuss the tokenomics of $WISP,
outlining the allocation and utility of the token within the Whisper
ecosystem.

No Taxes on $WISP

$WISP is a no tax token. There are no taxes on trading, or any of the


interactions with the Whisper platform. When buying or selling $WISP on a
DEX, make sure to set your slippage tolerance to a low number, ideally as
close to 0,1% as possible to get the best price for your buy or sell.

Token Allocation
The total supply of $WISP tokens is distributed as follows:
1. Circulating Supply (50%): Half of the total supply of $WISP tokens is
currently in circulation, providing ample liquidity for users to trade, stake,
and participate in the various DeFi products and services available on the
Whisper platform.

2. Staking Rewards (10%): To incentivize users to stake their $WISP tokens,


10% of the total supply is allocated to staking rewards. These rewards are
distributed to users who choose to stake their tokens and will be distributed
over an 18 to 24 month period.

3. LP Farming Rewards (20%): In order to encourage users to provide


liquidity to the $WISP token pools, 20% of the total supply is reserved for
liquidity provider (LP) farming rewards. Users who stake their $WISP tokens
in the LP pools will earn a share of these rewards, promoting a healthy and
liquid market for the token. Just like with staking, these rewards will be
distributed over an 18 to 24 month period.

Tokenomics
4. Future CEX Listings (7.5%): To facilitate the growth and expansion of the
$WISP token ecosystem, 7.5% of the total supply is allocated for future
centralized exchange (CEX) listings. This allocation will ensure that the token
is accessible to a wider audience and supports the long-term growth and
adoption of the Whisper platform.

5. Future Fundraising and Partnerships (10%): In order to secure strategic


partnerships and funding for the ongoing development and growth of the
Whisper platform, 10% of the total supply is reserved for future fundraising
and partnership initiatives.

6. Onboarding Future Team Members (2.5%): To attract and retain talent


within the blockchain and DeFi space, 2.5% of the total supply is allocated
for onboarding new team members. This allocation will help to ensure that
Whisper maintains and grows a strong, skilled, and dedicated team to drive
the platform's ongoing success.

Token Utility

The $WISP token serves as the central component of the Whisper


ecosystem, driving value and utility across our DeFi platform. Users who
stake or provide liquidity for $WISP tokens can earn a share of the platform's
revenue, participate in governance, and benefit from the platform's growth.
As the Whisper ecosystem expands and the demand for our DeFi tools and
products increases, the value proposition of the $WISP token will continue to
strengthen, solidifying its role as the backbone of our platform.

Tokenomics
Team members
Fundraising and partnerships 2.5%
10%

CEX listings
7.5%

Circulating supply
50%

LP Farming rewards
20%

Staking rewards
10%
Revenue sharing
Revenue Sharing in the Whisper Ecosystem

In the Whisper ecosystem, revenue is generated through fees associated


with the use of various tools and products. This revenue is then shared
among the $WISP token holders, who play a crucial role in the platform's
growth and sustainability.
The distribution of the revenue generated is as follows:

WISP Team (25%): A quarter of the revenue is allocated to the WISP team to
support ongoing development, marketing initiatives, salaries for hired team
members, and the overall growth of the Whisper ecosystem. This ensures
that the team has the necessary resources to continue building and
improving the platform, thereby maintaining its competitive edge in the
DeFi space.

Stakers and LP Farmers (75%): The majority of the revenue (75%) is


distributed among the stakers and LP farmers of the $WISP token. This
rewards those who actively participate in the Whisper ecosystem by staking
or providing liquidity, incentivizing them to continue supporting the
platform.

Single Asset Stakers (60%): 60% of the rewards are allocated to users
who stake their $WISP tokens.
LP farming (40%): The remaining 40% of the rewards are designated for
LP Farmers, providing additional value to the ecosystem.

Revenue sharing

Within the 75% allocated to stakers and LP farmers, up to 10% could be set
aside for strategic partners on zkSync who provide exceptional support in
terms of funding, grants, or other resources that contribute significantly to
the growth of Whisper. This ensures that valuable partners are rewarded for
their contributions and encourages further collaboration.

As a result, at least 65% of all revenue generated by the platform will always
be distributed to stakers and LP providers, creating a sustainable and
attractive incentive for users to participate in the Whisper ecosystem.

By implementing this revenue-sharing model, Whisper aims to foster a


robust and thriving community, where users are rewarded for their
participation and commitment to the platform. This, in turn, contributes to
the overall success and growth of the Whisper ecosystem and the DeFi
space at large.

Future plans
At Whisper, our mission is to create a comprehensive and accessible DeFi
ecosystem that empowers users, developers, and founders to engage with
the DeFi space. As part of our commitment to this mission, we have outlined
a series of future plans aimed at expanding our offering and ensuring that
we remain at the cutting edge of the DeFi landscape.

Continuous Improvement and Expansion


We recognize that the DeFi space is constantly evolving, with new
innovations and advancements coming at us at a rapid pace. To keep up
with these developments and maintain our position as a leading tools and
products provider on zkSync, we are dedicated to continuously improving
and expanding our existing suite of tools and products. This includes
refining our current tools and services to ensure that they remain up-to-
date and relevant, as well as identifying and integrating new technologies
and solutions as they become available. By staying ahead of the curve, we
can continue to provide our users with a seamless experience.

Whisper Academy
As part of our commitment to making DeFi more accessible, we plan to
launch the Whisper Academy, a free educational platform designed to
provide comprehensive resources for anyone interested in learning about
crypto, blockchain, DeFi, zkSync, and Whisper. We believe that education is a
key factor in driving adoption and fostering a more inclusive DeFi
ecosystem.

The Whisper Academy will cover a wide range of topics, from basic
concepts and terminology to more advanced topics such as smart
contracts, yield farming strategies, and layer 2 scaling solutions. Our goal is
to create a one-stop-shop for education, where users can access high-
quality, up-to-date resources that cater to all levels of experience.
In addition to providing educational content, we also plan to offer
interactive learning experiences such as quizzes, simulations, and games.
These interactive elements will not only help to make learning more
engaging and enjoyable but also allow users to test their knowledge and
gain practical experience in a safe and controlled environment.

Future plans
Community Engagement and Collaboration
At the heart of our future plans is a focus on community engagement and
collaboration. We believe that the success of the Whisper ecosystem hinges
on the active participation and contribution of our users, developers, and
partners.
We also plan to actively seek out strategic partnerships and collaborations
with other projects and platforms in the DeFi space. By joining forces with
like-minded organizations, we can leverage our collective expertise and
resources to create synergies that benefit all parties involved.

Partnership Opportunities
Whisper is committed to fostering a vibrant and collaborative DeFi
ecosystem, and we understand the importance of forging strong
partnerships with other projects on zkSync. We are open to partnering with a
wide range of projects, from decentralized exchanges (DEXes) to other DeFi
protocols. By joining forces, we can leverage our combined resources and
expertise to create synergies that benefit both projects and their holders.

Our extensive suite of tools and products positions us as an ideal partner for
many DEXes and DeFi protocols. Our services can enhance the security and
functionality of partnered platforms. Additionally, our DeFi solutions like
staking, LP farming, and pools can be integrated into our partners'
platforms, providing their users with more ways to earn and engage with
their projects.

By partnering with Whisper, projects on zkSync can take advantage of our


comprehensive offerings to streamline their operations, improve their user
experience, and enhance the overall value of their platforms. Through these
collaborations, we aim to become the go-to partner for DeFi projects on
zkSync, further strengthening the Whisper ecosystem and solidifying our
position as a leading DeFi platform.

Future plans

Security
At Whisper, we take security very seriously. We understand that trust is a
critical component of any successful DeFi platform, and we are committed
to providing a safe and secure environment for our users, developers, and
partners.

To ensure the security of our platform, we employ a range of best practices


and high standard technologies. This includes code auditing, testing, and
smart contract security assessments, all performed by reputable third-
party security firms. By subjecting our platform to these stringent security
checks, we can identify and address potential vulnerabilities, safeguarding
our users' assets and information.
Roadmap
The following roadmap outlines our plans for the development and growth of
the Whisper ecosystem. As we progress through each phase, we will continue
to improve our existing suite of tools and products, add new features, and
establish partnerships to solidify our position as a leading DeFi platform on
zkSync.

Q1 2023: Launch and Initial Features


Launching $WISP on zkSync
Creating the Whisper community
Launch of the Whisper platform
Introduction of Tools: token locker, liquidity locker, lock viewer, multisender

Q2 2023: Platform Enhancements and Partnerships


Introduction of DeFi solutions: staking, LP farming, pools
Introduction of Effortless, No-Code Solutions for Launching Your Own
Project: contract deployer and launchpad
Full rebranding of all Whisper brand assets while maintaining the same UI
Introduction of Games: zero-sum games such as predictions
Improvement of existing tools and DeFi solutions
Integration with DEXes and other DeFi protocols
Formation of strategic partnerships with zkSync projects

Q3 2023: Educational Platform and Additional Tools


Expansion of game offerings
Launch of Whisper Academy, providing free educational content on crypto,
blockchain, DeFi, zkSync, and Whisper
Addition of new tools and features based on community feedback and
industry demand
Further partnership development and collaboration with zkSync projects
Roadmap
We believe that a 6-month roadmap is as long into the future as we can
reasonably look. We will keep updating our roadmap as we progress.

Please note that this roadmap is subject to change based on partner's


feedback, community feedback, industry developments, and the evolving
needs of the zkSync space. We are committed to remaining agile and
responsive to the needs of our investors, partners, and the broader zkSync
ecosystem.
Growth Strategy
Whisper's growth strategy focuses on five key pillars to ensure the long-
term success and expansion of our platform:

1. Product Development and Improvement: Continuous development


and enhancement of our existing suite of tools, products, and services to
ensure we remain at the forefront of DeFi innovation.

2. Platform User Attraction and retention: Developing targeted marketing


campaigns and community-building initiatives to attract new users to the
platform while maintaining a high level of engagement with our existing
user base.

3. Strategic Partnerships and Collaboration: Actively seeking


partnerships with other projects and organizations within the zkSync
ecosystem to create synergies that benefit both parties and contribute to
the overall growth and success of the DeFi space.

4. Educational Content and Whisper Academy: Establishing ourselves as


a trusted source of information and education by providing free resources
to users interested in crypto, blockchain, DeFi, zkSync, and Whisper. This not
only helps to grow our user base but also fosters a more informed and
engaged community.
5. Security: Ensuring that Whisper adheres to the highest standards of
security to maintain the trust of our users, partners, and the broader DeFi
ecosystem.
Team
The Team
The core team at Whisper consists of experienced professionals with a
diverse range of expertise in blockchain development, software
engineering, design, business development, and growth strategy.

· Rykk - Blockchain Developer: With 4 years of experience in blockchain


development and 14 years as a full stack developer, Rykk is a highly
experienced developer responsible for overseeing the development and
maintenance of Whisper's blockchain infrastructure.
· Leo - Back-end Developer: With 12 years of experience in a combination
of back-end and front-end development, and 2 years of blockchain
development, Leo is well suited to be the bridge between front-end and
blockchain development. He ensures seamless integration between various
components of our platform.
· Kieran - Front-end Developer: Our Front-end Developer has 9 years of
experience in all aspects of front-end development. They have worked on
everything from dApps to phone apps, ensuring a smooth and intuitive user
experience across all Whisper products and services.
· Jonas -UI Designer: With 16 years of experience, our UI Designer has
spent 5 years at large firms and 11 years as an entrepreneur working with
global brands. They are responsible for creating visually appealing and
user-friendly interfaces for all Whisper products and services.
· Josh - Business Developer: With 7 years of total experience, including 3
years in crypto, our Business Developer has worked with 3 top 100 market
cap tokens. They are responsible for identifying and securing strategic
partnerships, as well as fostering relationships with key stakeholders within
the DeFi ecosystem.
· Marc - Growth Strategist: Our Growth Strategist has 2 years of experience
helping blockchain projects choose a strong path for growth. They are
responsible for developing and executing data-driven strategies to drive
user acquisition, retention, and platform expansion.
Final thoughts
Whisper (WISP) represents a comprehensive and innovative suite of DeFi
tools, products, and services aimed at simplifying the experience of
engaging with the rapidly growing world of decentralized finance. With a
strong focus on user-centric design, security, and compliance, our platform
aims to empower developers, founders, and end-users alike, enabling them
to harness the full potential of DeFi and zkSync technology.
As we continue to expand our offerings and improve upon our existing tools
and products, we remain committed to fostering strategic partnerships and
collaborations with other projects within the zkSync ecosystem. These
collaborations will not only enhance the utility of our platform but also
contribute to the broader growth and success of the DeFi space as a whole.
Moreover, we understand the importance of education in the ever-evolving
landscape of blockchain technology. As such, our commitment to offering
free educational content through the Whisper Academy will not only help to
grow our user base but also foster a more informed and engaged
community.
At Whisper, our dedicated and experienced team will continue to drive our
platform's growth, ensuring we remain at the forefront of DeFi innovation.
With a strong vision for the future, we are confident that Whisper will
become the go-to platform for users seeking a comprehensive, accessible,
and secure DeFi experience on the zkSync blockchain.
Together, we will shape the future of decentralized finance and unlock new
opportunities for growth, collaboration, and success within the zkSync
ecosystem and beyond.

zkSync
If you are interested to learn more about zkSync and everything they are
building, we suggest you take a look at their website at https://zksync.io/
Under the section “Learn” you can find a lot of information that explains
zkSync as a blockchain, and what makes them unique.

Join them on Telegram at https://t.me/zksync


Follow them on Twitter at https://twitter.com/zksync
Join their Discord at https://join.zksync.dev/

We thank you for taking the time to read our white paper and we are
delighted to have you along on our journey to become a household name
on zkSync.

Legal disclaimer
The information presented in this white paper is for informational purposes
only and should not be construed as investment advice. The information
contained herein is not a solicitation or an offer to buy or sell any security or
token. Whisper does not provide investment, financial, or legal advice, and
any information contained in this white paper should not be construed as
such. Any investment in WISP or any other cryptocurrency is speculative and
involves a high degree of risk. Before investing in WISP or any other
cryptocurrency, you should carefully consider your investment objectives,
level of experience, and risk tolerance. We make no representations or
warranties of any kind, express or implied, about the completeness,
accuracy, reliability, suitability, or availability with respect to the information
presented in this white paper.

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